Global Liquidity Conditions (Liquidity) Emerging Markets, November 2015

The October 2015 Emerging Market sub-component (EMLI™) of our GLI™ (Global Liquidity Index) rose to a reading of 27.7 (‘normal’ range 0-100) from an index of 19.6 for end-September. The GLI™ measures the growth of credit and cash savings relative to trend and it currently tells us that the pace of these leading money flows into EM risk asset markets is sub-par.